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Money or Time?

Harrison Lazarus Advisors, Inc. - Sunday, October 14, 2018

“Being rich is having money; being wealthy is having time.” — Henry Ward Beecher

Money or time? If you could have more of one, which would you choose? (No, you can’t answer “both!”) If you often feel like you have too much to do and not enough time to do it, the article below shows how “buying more time” may help improve your mood. Understanding how you think about money may help you make better choices. See which of these four “money personalities” seems to best fit you. The two most important articles in this issue focus on Social Security strategies and common myths about finances in retirement. You may already be retired, or you may be years away from it, but these articles are still worth reading … if not to directly benefit you, then maybe to help someone else in your life. I consider it my responsibility (and privilege) to help you reach the goals you have for your retirement, and strongly believe that the more you learn, the better your experience as an investor.    
It's Tempting to Take Social Security at 62. You Should Wait

While there are always exceptions based on individual circumstances, here are some very compelling reasons for delaying taking Social Security until at least 65. I would be happy to talk this through with you and determine what makes the most sense for your particular circumstances.


7 Myths About Finances in Retirement 

Whether you are months or years away from retiring (or even in retirement), it’s important to be as educated as possible about what to expect so you can plan accordingly. Many are surprised to find out that Medicare will NOT cover everything, and downsizing may not save you as much money as you thought.

Why Discovering Your Money Personality Could Help Fix Your Money Problems

Which one are you: the money avoidant, the money worshipper, the money status seeker, or the money vigilant? Here are some interesting ideas on how each of these different personalities can overcome potential pitfalls and make better financial decisions.

Would You Rather Have More Time or More Money?

“Time famine” is the pervasive feeling of being overwhelmed with the demands of work and life. This article offers suggestions on how you may be able to decrease that feeling. Who do you think reports greater happiness: those who value time more, or those who value money more? The answer may surprise you.

Other Important News

PS: I want to share some exciting news with you. Our investment and back-office service provider, Loring Ward, announced the upcoming merger with BAM Advisor Services, a similar firm with a similar mission located in St. Louis, MO. Both firms have a loyal client base of independent financial advisors who mostly serve individual investors.

Both BAM Advisor Services and Loring Ward follow the same evidence-based investment philosophy and share a strong commitment to doing the right thing for their clients. They are both committed to making this merger as easy and seamless as possible for all of us.

Over time, we believe the coming together of these two firms will help us serve you better. I anticipate many positive changes in a number of areas as the firms combine resources and expertise, including enhanced reporting, new fixed income management, and additional investment research, financial planning, and educational tools and resources.

Please be assured that following this acquisition, your investment accounts will continue to be managed and operate in the same manner as they do now. All the terms and benefits of your current agreement with me will continue unchanged. Most importantly, our relationship will not change.

The merger is expected to be completed towards the end of 2018. You will receive a brief notification in the mail beforehand from Loring Ward. I will update you as new information becomes available, but in the meantime, if you have any questions or would like to discuss this further, please let me know.